Headquartered in Sarasota, Florida, Progressive Employer Services is a professional employer organization (“PEO”) serving small and midsize companies. The company operates as an outsourced human resources department for its clients and maintains a co-employment relationship with all client employees. The company’s services range from payroll, taxes, and 401(k) administration to benefits, recruiting, and training. Due to Progressive’s sound underwriting practices, aggressive safety and loss control, and extensive experience, the company is becoming a leader in the PEO industry. Progressive will continue to separate itself from its competitors with exceptional customer services, exceptional payroll administration, comprehensive employee benefits, personal and professional human resource and compliance assistance and proactive internal and external risk management.
has sold $6M Equity Membership Units to
The undersigned served as exclusive financial advisor to Progressive Employer Services for this transaction.